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Wednesday, October 7, 2026

Trading Journal: Oct 7, 2026

Daily reversal levels as of the close on October 6, 2026
Major indexes
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
S&P 500^SPX7818.93
25
7666.822.30 ▲
11
+0.62%
Nasdaq 100^NDX31224.47
25
30120.416.74 ▲
13
+5.74%
Russell 2000^RUT2830.30
2
2897.67-4.47 ▲
32
+5.88%
Gold (spot)$XAUUSD4164.08
0
4297.19-4.23 ▲
25
+3.86%
US Oil ETFUSO144.91
11
143.56-2.13 ▼
3
+0.94%
iSh. 20+ Y Tr. Bond ETFTLT77.28
13
79.88-9.64 ▲
25
+5.63%
spBuy++
BitcoinBTC_X85542.10
6
82508.862.68 ▲
18
+5.77%

New record highs for SPX, but it is a highly unusual one because we have only 150 stocks in bullish mode. The small cap RUT is not even close to giving a Buy signal and stays double red. That means the rally in very concentrated in a few sectors and mega-cap names, and we know which ones. At some point that music will stop. More on it in my daily chart overview on X.

Stock positions:

We picked up NFLX and BAC on spBuy signals yesterday. I would consider them swing trades, but we will see what happens.

Stocks
NameCloseTrModeRevL (D)MoM (D)DaysP/L %ActionR
Trades in bullish mode - Trend following
FLEX was bought a standard Buy signal at $114.07 (Sep 23).
Flex LtdFLEX121.38
73
111.382.19 ▲
10
+6.41%
0.76▲ 103
SpBuy and dBuy entries - Mean reversal + Swing trading
EFX was bought on a spBuy+ signal at $141 (Sep 30).
DECK was bought on a spBuy signal at $90 (Aug 20).
OC was bought on a spBuy+ signal at $124.92 (Sep 21).
NFLX was bought on a spBuy signal at $67.51 (Oct 6).
BAC was bought on a spBuy signal at $54.27 (Oct 6).
Deckers OutdoorDECK81.66
10
83.48-1.28 ▲
55
+21.50%
-1.04▼ 80
Equifax IncEFX142.48
3
162.51-8.35 ▲
21
+20.71%
-0.87▼ 97
Owens CorningOC119.78
3
132.11-5.78 ▲
32
+19.29%
-0.30▼ 1
Netflix IncNFLX68.69
23
74.92-8.17 ▲
14
+10.69%
spBuy
-0.85▼ 46
Bank of AmericaBAC54.09
2
57.46-8.40 ▲
16
+8.89%
spBuy
0.31▷ 10

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Bullish
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Weak bullish
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Bearish
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Mild bearish

Instructions

Quick start guide (no registration needed): ReversalLevels.pdf.

List with completed trades.

Hover or tap on an item in the "Action" column for strategic advice.
Hover or tap in the "Days" column to see details for the current position (based on "Mode").
Hover or tap in the weekly trend ("Tr") column to get the weekly reversal level.

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Note: This trading journal is not a recommendation to invest in the mentioned companies.

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